American Financial Group, Inc. (NYSE:AFG – Get Free Report) SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at $5,490,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
American Financial Group Price Performance
Shares of NYSE AFG opened at $122.86 on Friday. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $139.30. The company has a 50 day simple moving average of $119.09 and a two-hundred day simple moving average of $114.85. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.50 and a current ratio of 0.50.
American Financial Group (NYSE:AFG – Get Free Report) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a net margin of 10.89% and a return on equity of 22.53%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that American Financial Group, Inc. will post 11 EPS for the current fiscal year.
American Financial Group Increases Dividend
Institutional Investors Weigh In On American Financial Group
A number of institutional investors have recently made changes to their positions in AFG. Raymond James & Associates grew its holdings in shares of American Financial Group by 2.7% during the first quarter. Raymond James & Associates now owns 10,823 shares of the insurance provider’s stock valued at $1,576,000 after buying an additional 284 shares during the last quarter. American Century Companies Inc. boosted its holdings in American Financial Group by 26.6% in the first quarter. American Century Companies Inc. now owns 14,648 shares of the insurance provider’s stock worth $2,133,000 after purchasing an additional 3,076 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in American Financial Group by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,474 shares of the insurance provider’s stock worth $798,000 after purchasing an additional 212 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in American Financial Group by 5.5% in the first quarter. Great West Life Assurance Co. Can now owns 50,464 shares of the insurance provider’s stock worth $7,610,000 after purchasing an additional 2,635 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in American Financial Group by 23.8% in the first quarter. Cibc World Market Inc. now owns 5,617 shares of the insurance provider’s stock worth $818,000 after purchasing an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 63.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on AFG. Piper Sandler downgraded shares of American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 price target for the company. in a research note on Thursday. Citigroup increased their price target on shares of American Financial Group from $125.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Janney Montgomery Scott started coverage on shares of American Financial Group in a research note on Thursday, December 14th. They set a “buy” rating and a $135.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $128.75.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.
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